Cabinet Approves Revised Cost Estimate Of Dam Rehabilitation & Improvement Project
2018-09-19 Announcements Construction National
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the Revised Cost Estimate of Dam Rehabilitation and Improvement Project (DRIP) at the revised cost of Rs 3466 crore with the financial assistance of the World Bank to improve safety and operational performance of 198 Dams, along with institutional strengthening with system-wide management approach. Out of Rs.3,466 crore, Rs.2,628 crore will be funded by the World Bank and Rs.747 crore will be funded by DRIP States / Implementing Agencies (IAs) and balance Rs.91 crore to be funded by Central Water Commission (CWC). The CCEA also gave its ex-post facto approval for a two-year time extension from 1st July 2018 to 30th June 2020.